Brokers Issue Forecasts for Capstone Mining Corp’s FY2017 Earnings (TSE:CS)
Capstone Mining Corp (TSE:CS) – Research analysts at Cormark cut their FY2017 earnings estimates for shares of Capstone Mining Corp in a note issued to investors on Monday. Cormark analyst S. Ioannou now anticipates that the mining company will earn $0.04 per share for the year, down from their prior estimate of $0.07. Cormark also issued estimates for Capstone Mining Corp’s Q1 2018 earnings at $0.04 EPS, Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.04 EPS and FY2019 earnings at $0.14 EPS.
Other research analysts have also recently issued reports about the company. Scotiabank restated an “outperform” rating and set a C$1.50 price target on shares of Capstone Mining Corp in a research note on Thursday, July 13th. BMO Capital Markets restated an “outperform” rating and set a C$2.00 price target on shares of Capstone Mining Corp in a research note on Thursday, July 13th. TD Securities restated a “buy” rating and set a C$1.90 price target on shares of Capstone Mining Corp in a research note on Wednesday, April 26th. Finally, CSFB began coverage on Capstone Mining Corp in a research note on Thursday, April 13th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Capstone Mining Corp currently has a consensus rating of “Buy” and an average target price of C$1.56.
Shares of Capstone Mining Corp (CS) opened at 1.09 on Tuesday. The stock has a 50 day moving average price of $0.89 and a 200 day moving average price of $1.22. The company’s market capitalization is $426.53 million. Capstone Mining Corp has a 1-year low of $0.65 and a 1-year high of $1.81.
In related news, insider Grm Investments Ltd. acquired 266,000 shares of the business’s stock in a transaction dated Friday, July 7th. The shares were acquired at an average price of C$0.89 per share, with a total value of C$236,740.00. Also, insider George Leslie Brack acquired 100,000 shares of the business’s stock in a transaction dated Friday, April 28th. The shares were bought at an average cost of C$0.97 per share, for a total transaction of C$97,000.00. Insiders have acquired 4,286,500 shares of company stock worth $3,787,835 over the last 90 days.
About Capstone Mining Corp
Capstone Mining Corp. is a Canada-based mining company. The Company is engaged in the production of and exploration for base metals in the United States, Mexico, Canada and Chile, with a focus on copper. The Company’s segments include individual mining operations of Pinto Valley (the United States), Cozamin (Mexico), Minto (Canada), Santo Domingo development project (Chile) and other.
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